INCORPORATED ASSOCIATIONS INFORMATION SEMINAR INTRODUCTION 136 000 incorporated
- Slides: 19
INCORPORATED ASSOCIATIONS INFORMATION SEMINAR
INTRODUCTION 136, 000 incorporated associations in Australia 35, 000 incorporated associations in NSW
What we will cover in this session • Why incorporate? • How to incorporate? • Running an incorporated association
Why incorporate? • incorporation is a choice • separate legal entity • own property in own right • enter into enforceable contracts • sue or be sued • continues regardless of changes to membership • limited liability for members
The legislation: Associations Incorporation Act 2009 and Associations Incorporation Regulation 2010 Introduces objects: • small scale • not for profit • non-commercial activities
Steps to incorporate an association • registration process • five members • objects • constitution • reserve the name • application for incorporation • appoint a public officer
Running an association Responsibilities attached to incorporation
Statutory obligations • official address, objects and a constitution • committee to manage affairs • appoint a public officer • annual general meeting • financial reporting • must not secure monetary gain for members
Constitution • managing the association • contract between members and association • schedule 1 of the Act • model constitution • changes only effective upon registration
Schedule 1 - membership qualifications (if any) - register of members - fees and subscriptions (if any) - members’ liabilities - disciplinary procedures and appeals mechanism - internal disputes - constitution and function of the committee (elections, terms of office etc. ) - calling of general meetings
Schedule 1 (continued) - time and manner in which notice of meetings to be given - procedures to be followed at general meetings and if able to vote by proxy - kinds of resolutions that may be voted on by means of a postal ballot - sources of funds (donations, grants etc. ) - management of funds (drawing and signing cheques) - custody and inspection of books and records - the association’s financial year
Financial reporting • Tier 1 – larger associations - gross receipts exceed $250, 000 or - current assets exceed $500, 000 - audited accounts to be submitted to members - lodge copy of audited accounts with Registry • Tier 2 – small associations - summary of financial affairs submitted to members - lodge annual summary of financial affairs with Registry
Management Committee • three or more members over 18 and resident in Australia • manage day to day running of association • appoint a public officer and authorised signatories • maintain records/registers • hand over records/documents to public officer
Public officer • appointed by the committee • over 18 and resident of NSW • authorised signatory • point of contact (public register) • notifying a change to an official address • lodging annual statement • receiving/handing over records
Records • copy must be kept in the English language • financial affairs/transactions • minutes of all meetings • registers - committee members - authorised signatories - disclosed interests - association members • hand over documents within 14 days
Meetings • held at two or more venues • annual general meeting/special general meetings • committee meetings • voting - ordinary resolutions - special resolutions - proxy voting • postal ballot
Meeting procedure • Notice of meeting • Agenda • Chair • Quorum • Conduct of meeting • Motions and resolutions • Voting • Minutes • After the meeting
Frequently asked questions • resolving disputes – how? • reviewing decisions – for? • penalty notices – why? • cancelling the association – when? • searching the public register – information?
Further information available from: Registry of Co-operatives & Associations – 1800 502 042 Fair Trading Centres – 133 220 www. fairtrading. nsw. gov. au www. legislation. nsw. gov. au Salmat Print on Demand – 1300 656 986
- 97 000 in scientific notation
- Express 602200 in scientific notation.
- 71 000 in scientific notation
- 090-0000-0000
- Tracciabilità flussi finanziari
- Art 136 cost
- Nisa suresinin 136 ayetinin anlamı
- Pg 136
- Psalm 136 1-9
- Usman roshan
- Cs 136
- Incenter
- Devreden kdv'nin vergi borcuna mahsubu
- 136-9
- Hbu 117 uitm
- Dcf careline 136
- 136 ps
- Ivy tech math 136
- Tuscaloosa, al
- Express 4,980,000, 000 in scientific notation